# Fold Holdings, Inc. (FLD)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $30M  
**Price:** $0.71 (+15.60%)

> Fold Holdings, Inc. is a bitcoin-focused financial services company operating in the capital markets segment. It serves as the first publicly traded company built entirely around Bitcoin, offering a platform that enables individuals and businesses to earn, save, and spend Bitcoin through everyday financial tools. Key products include the Fold App for managing accounts and rewards, the Fold Card and Fold Debit Card for earning Bitcoin on purchases, the Fold Bitcoin Gift Card for gifting Bitcoin redeemable via the app, and the Fold Bitcoin Rewards Credit Card, which allows users to spend U.S. dollars while earning Bitcoin rewards. The company integrates Bitcoin into consumer finance by providing rewards, custody, trading, and payment solutions, bridging traditional banking with Bitcoin adoption. Fold Holdings, Inc. maintains a Bitcoin treasury as a core component of its strategy and partners with entities like BitGo Bank & Trust for nationwide operations, Blackhawk Network for gift card distribution, and retailers such as Kroger for broader access. Headquartered in Phoenix, Arizona, Fold Holdings, Inc. facilitates seamless Bitcoin participation in daily commerce within the financial services sector.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $32M | — | — | -$70M | $-1.65 |
| 2024 | $24M | — | -$3M | -$65M | $-11.15 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $153M | $90M | $63M | $8M | — |
| 2024 | $126M | $193M | -$68M | $18M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$16M | — | — |
| 2024 | -$3M | — | — |
| 2023 | -$5M | — | — |
| 2022 | -$2M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/FLD)